Is a CAPM Certificate right for boosting your project management career in 2023?
Many individuals are eager to begin their careers in project management. They are also keen to gain a reputation as prospective project managers by acquiring the necessary knowledge. CAPM Certification (Certified Associate in Project Management) provides candidates a platform to begin their project management profession. It might enable them to quickly climb up the corporate ladder. CAPM Certification acts as an excellent stepping stone for both project managers and executive-level professionals.
A PMI research predicts that there will be 22 million new project management job vacancies by 2027. As a result, CAPM practitioners are in high demand as it offers a wide range of benefits. The perks are not limited to getting skills and knowledge in project management. It further includes global recognition, career growth, and professional credibility.
What are the Advantages of owning a CAPM Certificate?
The question always arises in the minds of professionals: “Is CAPM worth the time and effort?”. Only by recognizing the benefits, the certificate delivers to an individual’s career, professionals will be able to find an answer. So, to find out, let's look at the key benefits of the CAPM Certificate.
Expertise:CAPM Certificate proves to employers that candidates have extensive knowledge and skill set in project management. The review process of the certificate requires the candidate to adhere to industry-standard ethics and practices, as well as professional behavior. Additionally, this esteemed certificate by PMI provides the foundation needed to confidently pursue a project management career and build a name for oneself in this highly sought-after field.
Employability: The CAPM Certificate improves employment prospects for aspirants. Over 58 percent of organizations around the globe acknowledged the significance of this certificate. As a result, professionals can apply for the position of project manager anywhere around the globe. Apart from the project manager role, the CAPM Certificate offers other managerial roles. It boosts the chances of being promoted to better employment positions with more responsibility.
Lucrative salary: Obtaining CAPM certification can significantly increase a professional's compensation. Employers prefer CAPM-certified experts over non-certified ones and are willing to pay more for their proficiency in the field. According to the survey, CAPM raises salaries by 25%. However, this may be affected by various factors such as location, job role, and industry. The certification improves and enhances the value of the individual’s resume. CAPM Certified candidates can also demand more compensation than their peers.
Versatility:CAPM certification not only strengthens a candidate's project management knowledge but also instills leadership skills in them, preparing them to lead in the workplace. They get the opportunity to lead a team, work on various projects, and improve their project management skills. Professionals showcase how to initiate projects and are capable of efficiently monitoring, executing, controlling, and completing the project. Furthermore, they motivate the project team and manage a team effectively in a variety of working environments.
Recession-proof career:Project management is a recession-proof industry that is always in demand, regardless of the state of the economy. No job is recession-proof, but project managers have proven to be crucial during a crisis as businesses struggle to adjust strategy and fulfill targets. Therefore, possessing CAPM provides a recession-proof career. Non-certified project managers are more likely to be targeted than their certified counterparts during an economic crisis, poor growth, or recession.
Increase recruiter visibility: Due to PMI's global credibility, the CAPM certification is widely recognized worldwide, allowing candidates to find work in various countries. Obtaining globally recognized professional certification piques the recruiter's interest and lands their desired job. It also aids individuals in standing out from the crowd. Moreover, they are more likely to be chosen to work abroad for their organization if the necessity arises. Owing certification at the early stage of a career will pave the way for higher employment opportunities.
Career stimuli: CAPM specialists are familiar with project management tools and best practices. Compared to non certified experts, this offers them more confidence when managing projects. CAPM professionals can easily take on additional projects and gain valuable experience. The credential also assists individuals in pursuing more advanced certification like PMP in the future once they have gained sufficient job experience. Since the CAPM certification is given by PMI and is based on the same knowledge areas thereby regarding it as the entry ticket to the globally esteemed PMP Certification.
Top industries for CAPM-certified project managers
CAPM Certificate is applied in various industries. The following are the top industries that need project managers to manage their projects.
Technology: Information technology is a rapidly growing sector. IT organizations require CAPM professionals to effectively plan and execute their projects utilizing various tools and methodologies. They oversee initiatives, build AI and AR technologies, control multiple technological infrastructure deployments, and create a new cryptocurrency. An IT Project Manager has an in-depth understanding of the technologies that enable organizations to expand and gain a competitive advantage.
Construction: The construction business is thriving, but there are many regulatory concerns such as rising prices that make it difficult to generate a profit. They require CAPM project managers to reduce the risks associated with launching a large infrastructure project. These specialists manage budgets, schedule workers, create proposals, and review designs. Furthermore collaborate with clients, architects, engineers, and subcontractors to ensure compliance with safety, zoning, and legal restrictions.
Finance: To decrease expenses and enhance efficiency, the banking industry requires experienced personnel. They engage CAPM certified professionals to maximize returns and accomplish revolutionary change in order to fit with strategic plans and changing consumer expectations. Professionals create metrics, projections, and business strategies. They are even in charge of cash flow, which includes both payroll and project-related spending. Moreover, they devise revenue-boosting techniques.
Healthcare: The healthcare business is thriving while facing pressing issues like cost and compliance. This has necessitated such businesses to get assistance from certified CAPM project managers. They possess comprehensive knowledge to handle various project related issues creatively and more efficiently. Although project managers in this industry are frequently hired by hospitals, or outpatient clinics they may also work for medical equipment suppliers or pharmaceutical businesses.
If you are still not persuaded that CAPM is right for you, learn more about CAPM and its certification process here. CAPM practitioners are coveted and respected by employers as it is a well-known project management qualification. They are in great demand in countries such as the USA, UK, Canada, Switzerland, and Australia. CAPM Certificate serves as an entryway not only into project management but also into some of the world's largest and most prominent enterprises.